KPMG

KPMG’s Climate Accounting Infrastructure (CAI) is intended to help organizations more accurately measure, report and offset their greenhouse gas emissions. Prescriptive Data is one of three industry groups, large technology players and climate technology companies that KPMG is partnering with to bring this new capability to market.

With organizations expected to document their sustainability practices and results to demonstrate alignment with ESG demands of capital markets investors, as well as compliance with regulatory requirements, they need a trusted and transparent system to corroborate their legacy measurements and reporting.

This capability will use blockchain to securely store environmental data in a financial system as part of organizations’ climate risk assessments and asset valuations, including as part of their real estate portfolios. It is also intended to help organizations build sustainable, long term financial and business strategies and aid with overall business forecasting.

To help accurately measure greenhouse gas emissions, the capability will analyze massive amounts of structured and unstructured environmental data, secure that data on a blockchain, and use machine learning and other AI strategies to perform risk modeling and reconcile across data sources. Organizations and their stakeholders will be able to verify data cryptographically, in real time.